Warby Parker Inc. (NYSE:WRBY) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in Warby Parker Inc. (NYSE:WRBY) by 92.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,411 shares of the company’s stock after buying an additional 82,791 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Warby Parker worth $4,174,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WRBY. Global Retirement Partners LLC purchased a new position in Warby Parker in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after purchasing an additional 1,028 shares during the period. KBC Group NV grew its holdings in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after purchasing an additional 1,339 shares in the last quarter. Thrivent Financial for Lutherans purchased a new stake in Warby Parker during the 3rd quarter worth $213,000. Finally, BBR Partners LLC acquired a new position in Warby Parker in the 4th quarter worth $239,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the completion of the transaction, the chief executive officer now owns 23,961 shares in the company, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares of the company’s stock, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 539,651 shares of company stock worth $13,617,652 in the last 90 days. 26.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of analyst reports. Citigroup reaffirmed an “outperform” rating on shares of Warby Parker in a research report on Friday, February 28th. Roth Capital upgraded Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. Evercore ISI reiterated an “in-line” rating and set a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. JMP Securities lifted their price target on shares of Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th. Finally, Morgan Stanley lifted their price target on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Warby Parker Trading Up 1.1 %

Shares of WRBY opened at $20.49 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -75.90 and a beta of 1.91. The stock has a 50 day moving average of $24.92 and a 200-day moving average of $21.23. Warby Parker Inc. has a 52 week low of $11.46 and a 52 week high of $28.68.

Warby Parker Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.